Zacks Research Downgrades Shoe Carnival (NASDAQ:SHOE) to Strong Sell

Shoe Carnival (NASDAQ:SHOE) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Shoe Carnival in a research note on Friday. Wall Street Zen lowered shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.00.

Shoe Carnival Trading Up 2.8%

SHOE opened at $13.27 on Monday. The company’s 50 day moving average price is $14.74. The company has a market capitalization of $360.68 million, a PE ratio of 15.08 and a beta of 1.40. Shoe Carnival has a 1 year low of $10.20 and a 1 year high of $24.10.

Shoe Carnival (NASDAQ:SHOE) last issued its earnings results on Thursday, September 10th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.11). The firm had revenue of $284.31 million during the quarter, compared to the consensus estimate of $299.19 million. Shoe Carnival had a return on equity of 5.32% and a net margin of 2.20%.The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the business earned $0.70 earnings per share. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Analysts anticipate that Shoe Carnival will post 0.85 earnings per share for the current year.

Institutional Trading of Shoe Carnival

Large investors have recently bought and sold shares of the stock. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Shoe Carnival during the second quarter valued at $152,000. Integrated Wealth Concepts LLC bought a new stake in shares of Shoe Carnival in the 2nd quarter worth about $46,000. Corient Private Wealth LP acquired a new stake in shares of Shoe Carnival during the 2nd quarter worth about $292,000. AXQ Capital LP acquired a new stake in shares of Shoe Carnival during the 2nd quarter worth about $394,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Shoe Carnival during the 2nd quarter worth about $506,000. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Company Profile

Shoe Carnival, Inc is a family footwear retailer that sells shoes, sandals, boots, athletic footwear, accessories and related products for women, men and children. Its merchandise assortment includes national brands as well as private-label products, with offerings spanning casual, dress, work and athletic categories.

The company operates through a network of retail stores and an e-commerce platform, serving customers primarily in the United States. Shoe Carnival emphasizes value-oriented pricing, frequent promotions and an in-store shopping experience designed to appeal to families and budget-conscious consumers.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded through organic growth and acquisitions, including its purchase of Shoe Station.